Money Lending Agreement Template for Hong Kong

This Money Lending Agreement template is designed for use in Hong Kong by licensed money lenders when providing loans to individuals or businesses. It ensures compliance with the Hong Kong Money Lenders Ordinance (Cap. 163) and related regulations, incorporating all mandatory provisions and statutory requirements. The document is suitable for various lending scenarios, from personal loans to business financing, and includes comprehensive sections on loan terms, security arrangements, borrower obligations, and enforcement mechanisms. It should be used whenever a licensed money lender in Hong Kong provides a loan, requiring customization based on specific transaction details while maintaining compliance with local regulatory requirements.

1. Parties: Identification of the money lender and borrower with their full legal names, addresses, and registration details

2. Background: Context of the loan agreement and relationship between the parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Loan Amount and Purpose: Specification of the principal amount and stated purpose of the loan

5. Interest Rate: Clear statement of interest rate, calculation method, and APR as required by the Money Lenders Ordinance

6. Repayment Terms: Details of repayment schedule, installment amounts, and payment methods

7. Security: Details of any security or collateral provided for the loan

8. Representations and Warranties: Statements of fact and assurances given by the borrower

9. Borrower's Covenants: Ongoing obligations and promises of the borrower

10. Events of Default: Circumstances constituting default and consequences

11. Enforcement and Remedies: Lender's rights and remedies upon default

12. Notices: Process and addresses for formal communications between parties

13. Governing Law and Jurisdiction: Specification of Hong Kong law and jurisdiction

14. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments